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Friday, September 22, 2006
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INDUSTRY & ECONOMY

CEMENT
Southern Rly sees increased cement traffic
Thanks to wagon incentive scheme launched by Rlys More

ECONOMY
Chidambaram not for relaxing FRBM Act
`Planning under constraints is all about fixing relative priorities' More

How terror corrodes the economy
Sans the trouble of terror, India would have made far greater economic strides. More

ENGINEERING
Seminar on pumps
The Southern India Engineering Manufacturers' Association (Siema) and the Indian Water Works Association (IWWA), Coimbatore Centre will jointly organise a seminar on `Pumps and Valves' in Coimbatore on Saturday that will provide an opportunity to ... More

ENVIRONMENT
Carbon credits elusive for some RIL, Hindalco, Essar projects
Projects `not approved' by UN methodology panel More

EXCISE AND CUSTOMS
Revenue compliance likely to go up with Customs Act amendment
Revenue compliance is likely to go up with the amendment to the Customs Act of 1962. Briefing newsmen on the impact of the amendments, the Chief Commissioner of Customs, Ms Heera Radhakrishnan, said, "The revenues till August this year were Rs ... More

HEALTH
Blood donors' meeting tomorrow
Terumo Penpol, a surgicals company, is planning to organise a voluntary blood donor's meeting on Saturday as a prelude to the observance of National Blood Donation Day on October 1. The donor meeting is an opportunity to give ... More

INFRASTRUCTURE
SEZ board fixes investment limit for developers
In-principle nod for 14 SEZs; total number of approvals goes up to 164 More

PSU
CCEA approves 3 PSU packages
The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved a budgetary support of Rs 80.84 crore for liquidation of outstanding statutory dues and salary and wages from January 1992 to August 2005 in respect of ... More

PETROLEUM
Oil production up 12 pc, natural gas output dips in Aug
The dip in natural gas production during the month was due to lower offtake of gas by consumers and ceasure of four wells, as well as no off take by ONGC's Hazira plant due to floods. More

ONGC-Sinopec acquires Columbian oil firm
To pay $425 m each for acquisition More

`Enterprising' enterprise
Veteran media-watchers are somewhat surprised by the `enterprise' shown by some newspapers these days. Last Friday evening, the Director-General of Hydrocarbons (DGH) received 165 bids for oil and gas exploration projects that were on auction ... More

MRPL imports crude oil under advance licensing
The imports are made under the Advanced Licensing Scheme More

POWER
Orissa ties up with pvt cos for 11 power plants
The Orissa Government has decided to sign a memorandum of understanding with various private companies, including Reliance Energy Ltd, for setting up 11 thermal power plants in the State. The agreements will be signed here on September 26. The ... More

NTPC signs $300-m loan deal with ADB
NTPC Ltd signed a loan agreement for $300 million with the Asian Development Bank on Thursday to part-finance two of its power projects. Banc of America Securities Asia Ltd, a subsidiary of Bank of America, has underwritten $225 million of the ... More

CCEA approves NE power project
The Cabinet Committee on Economic Affairs (CCEA) approved on Thursday a Rs 975.96-crore project to strengthen power lines in north eastern region. "The CCEA gave its approval for an estimated cost of Rs 975.96 crore, including interest during ... More

TAXATION
FKCCI for expediting refund of excess tax paid under VAT
The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has urged the Government to quicken the process for refund of excess tax paid under the value-added tax system. Stating that refunds paid, if the input tax deductible by a ... More

CBDT nets in 50% of collection target
The Central Board of Direct Taxes (CBDT) has collected direct tax arrears of Rs 5,574 crore during April-August this year. The Finance Ministry has set for itself direct tax arrear collection target of Rs 11,000 crore for ... More

E-payment of service tax mandatory
Electronic payment of service tax has become mandatory for certain service tax assessees from October 1. Assessees who paid service tax of Rs 50 lakh or above in the preceding financial year or already paid service tax of Rs ... More

SSI
DEMA plans testing facility in Pune
To create corpus fund to facilitate R&D among members More

TERRORISM
Is India compromising dangerously on terror?
There are some in India who appear eager to let the Pakistani President, Gen Pervez Musharraf, off the hook, by agreeing that he has no control over the terror infrastructure in Pakistan and PoK. In this context the decision to set up a joint "anti-t errorism institutional mechanism" defies all comprehension. Such an arrangement would undermine India's ability to expose Pakistani involvement in terrorism, argues G. PARTHASARATHY. More

EDUCATION
IICT ties up with two Hyderabad firms
Technology, consultancy pacts with chemical, biotech cos More

`Speaking out when needed is important'
"Be a professional, speak out, know when to say `No' and learn the principles of economics," was the advice from Mr Ajmal Khan, Vice-President, IBS Software, Kochi, to the students of the Department of Computer Applications during Cybercrest'06, ... More

`College is a place to learn to unlearn'
One is supposed to learn and unlearn in the college. But how many are bothered about this? They are not focused on what they are supposed to be doing and land themselves in trouble at the time of placement and performance at the job, said Mr N. ... More

BL Club meeting
The School of Management of SNS College of Technology here will organise `Genex 06' on Friday, in connection with the inauguration of Management Association and Business Line ... More

UBI, Tata AIG launch scheme for education loan borrowers
United Bank of India and Tata AIG Life Insurance Co Ltd have announced the launch of `United Shiksha Suraksha Scheme", a group insurance plan for the education-loan borrowers of the bank. The scheme, to be available at all branches of UBI, will ... More

GEMS & JEWELLERY
GRT to promote platinum collection
GRT is launching an aggressive campaign to promote its platinum bridal collection. Mr G.R. Ananthapadmanabhan, Managing Director, GRT, said the promotion was aimed at customers buying at least one piece of platinum jewellery in ... More

MEDICAL INSTITUTIONS & HOSPITALS
LifeCell to invest 60 cr to set up more centres
LifeCell, the Chennai based stem cell banking and research centre, plans to invest Rs 60 crore in the next two years to set up stem cell transplant centres in India and abroad. Currently, it has 18 marketing and collection centres in India and ... More

GENDER
For gender justice
THE ANDHRA PRADESH Chief Minister, Dr Y.S. Rajasekhara Reddy, is flanked by the Union Ministers, Ms Renuka Chowdhary and Ms Panabaka Lakshmi, at a meeting on female foeticide organised by the State Social Welfare Board to sensitise people against ... More

SOCIAL WELFARE
Quota in higher education — Must not be in perpetuity
Equality of opportunities in education has been one of the most important policy objectives in civilised societies. Equity and diversity in education are noble ideals of any strong and vibrant education system and they need to be constantly ... More

`Farmers need to be educated on credit decisions'
Drastic changes have been brought about in the economy by globalisation, which require new ways of addressing traditional developmental issues, Mr Marc Soquet, Asia Coordinator on Social Protection and Informal Economy at the ILO, ... More

RURAL DEVELOPMENT
Institute to impart training in micro finance planned
SIDBI teams up with NGO for initiative. More

PM reviews progress under Bharat Nirman
4 components of rural telephony, water supply, housing exceed targets More

EVENTS
Meet on emergency medicine in Nov
Fortis Hospital Noida (FHN), part of Fortis Healthcare Ltd, announced the Second International Emergency Medicine and Disaster Preparedness Conference, INTEM 2006 to be held in the Capital from November 17-19. The conference is ... More

INCOME TAX
`Consider tax sops for car consumers'
The automotive industry has said that it was making a representation to the Government to consider tax sops for car consumers to make it easier for them to purchase cars. The auto industry requested the Government to increase the depreciation ... More

EXPORTS & IMPORTS
Cotton exports may top 47 lakh bales next season
Imports may be unchanged around 4 lakh bales More






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Top Stories
Indian market is gathering pace

SEZ board fixes investment limit for developers

Mid-cap cos find QIPs as viable route

Bond prices fall 40 paise

Fall in Malaysian palm oil rates impacts edible oil market

Oil production up 12 pc, natural gas output dips in Aug

ONGC-Sinopec acquires Columbian oil firm

Carbon credits elusive for some RIL, Hindalco, Essar projects

Looking back
Sep. 10-Sep. 16
India-China trade ties to touch $20 b: Pranab

ONGC plans to develop 29 offshore marginal fields

IT talent crisis ahead, warns Mohandas Pai

External debt marginally up at $125 b in 2005-06

OMC stocks turn active as crude price dips to 5-month low

Car sales up 16% in August; bikes sales slow down

Outlook for Indian job market buoyant: Survey

Domestic producers of herbal products seek data-exclusivity

Subsidy sharing: ONGC suggests `price equalisation discount'

Rs 400-cr investment okayed for PY-3 oil field in Bay of Bengal

Cotton textile exports up 26 pc

Govt stresses on need to ensure access to loans for students

Newspapers told to adopt newer tools

ONGC may bid for 50 blocks in NELP VI

`Broadcast Bill provisions must apply to DD also'

Cement stocks rally on price rise expectations

The residence factor and tax incidence

No relook at duty cut to 5 pc under Target: DGFT

El Nino will not affect monsoons, say meteorologists



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